Trading Update: Monday February 26, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Friday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from Friday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Embedded Wedge
Market Overview: S&P 500 Emini Futures The weekly chart formed an Emini embedded wedge in the current leg up from January. The bulls want a strong breakout into a new all-time high territory, hoping that it will lead to many months of sideways to up trading. The bears hope to get a TBTL (Ten Bars, […]
Crude Oil Wedge Bear Flag
Market Overview: Crude Oil Futures The weekly chart formed a Crude Oil wedge bear flag on the weekly chart. The bears will need to create sustained follow-through selling closing below the 20-week EMA to increase the odds of another leg lower. If the market trades lower, the bulls want a reversal from a wedge bull […]
Minor Pullback on EURUSD
Market Overview: EURUSD Forex This week formed a minor pullback on the EURUSD weekly chart. The bulls need consecutive bull bars closing near their highs, trading above the 20-week EMA to increase the odds of the bull leg resuming. The bears want the 20-week EMA to act as resistance followed by at least a small […]
Bitcoin en el techo de un canal alcista encima de los $50000
Visión del mercado Bitcoin comenzó la semana subiendo, ya que la vela de la semana anterior cerró como una fuerte barra alcista. Esto alimentó las expectativas de un nuevo test del máximo de la semana anterior, pero la vela semanal actual muestra una imagen diferente. Se está perfilando como un giro bajista, lo que sugiere […]
FTSE 100 Pause After Buy Signal, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways to up last week after a slight pause above the MA. The bulls managed to get a strong spike earlier, and now it looks like we have bull follow-through. Most traders are hesitant to hold while in a triangle and BOM. I think we are […]
DAX 40 Breakout and MM Targets Above, ATH
Market Overview: DAX 40 Futures DAX futures moved higher in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at […]
Nifty 50 Reversal Attempt Failed
Market Overview: Nifty 50 Futures Nifty 50 Reversal Attempt Failed on the weekly chart. In this week’s market analysis, we observe a small bullish bar formation with a tail at the bottom. Despite attempts by bears to initiate a strong reversal, the bullish trend remains robust, resulting in a failed reversal. Notably, the Nifty 50 […]
Emini Profit Taking Likely
Trading Update: Friday February 23, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
Emini Buyers at Daily Moving Average
Trading Update: Thursday February 22, 2024 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Yesterday’s Emini setups Al created the SP500 Emini charts. Here are reasonable stop entry setups from yesterday. I show each buy entry bar with a green arrow and each sell entry bar with […]
